OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Thune, King Introduce Bipartisan Resolution to Confront China's Exploitation of WTO Trade Status

Press Release

Date: May 9, 2023
Location: Washington, D.C.
Issues: Foreign Affairs Trade Economy and Fiscal

"China, which has the world's second-largest economy after the United States, should not be able to self-designate as a developing country to gain unfair trade advantages, especially as the Chinese Communist Party takes advantage of actual developing countries through the predatory lending of the Belt and Road Initiative. This designation intentionally misidentifies China's economic stature, undermines countries that are truly developing, and erodes trust in the rules-based trading system. Meaningful reforms at the WTO need to be made, and reserving special treatment for truly developing countries would be a good start."


Source
arrow_upward